Sorafutures.com
  • Home
  • Futures Exchange
  • Futures News
  • Futures Quotes
  • Futures Types
    • Agricultural Futures
    • Energy Futures
    • Financial Futures
    • Metal Futures
  • Knowledge
No Result
View All Result
  • Home
  • Futures Exchange
  • Futures News
  • Futures Quotes
  • Futures Types
    • Agricultural Futures
    • Energy Futures
    • Financial Futures
    • Metal Futures
  • Knowledge
No Result
View All Result
Sorafutures.com
No Result
View All Result
ADVERTISEMENT

Bitcoin ETFs See Major Outflows Amid Tariff Tensions

Yuki by Yuki
10/04/2025
in Futures News
Bitcoin ETFs See Major Outflows Amid Tariff Tensions
ADVERTISEMENT

On Tuesday, U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a significant blow, with investors pulling out $326 million, marking the largest single-day outflow since March 11. This retreat follows growing concerns over escalating trade tensions between the U.S. and its global partners, triggered by President Trump’s new tariffs. The implementation of tariffs, including a 104% duty on Chinese imports, has created widespread uncertainty in global markets, prompting traders to de-risk their portfolios.

The pullback hit BlackRock’s Bitcoin ETF, IBIT, the hardest, with the fund losing $253 million on what was its third-worst day since its launch. This latest outflow extends a negative streak for Bitcoin ETFs, which have now seen withdrawals for four consecutive days. Concurrently, Bitcoin’s price fell to $75,100 on Tuesday, marking its lowest value in five months. Experts suggest that the combination of investor risk aversion and market reactions to Trump’s tariffs are behind the ongoing withdrawals.

ADVERTISEMENT

The challenges faced by Bitcoin ETFs were mirrored in the performance of Ethereum. Ethereum’s spot ETFs also saw withdrawals, totaling $3.3 million on Tuesday. Fidelity’s Ethereum fund accounted for the largest share of these losses, contributing to the ongoing struggles of the cryptocurrency. Ethereum’s price dropped below $1,450, continuing its downtrend and reflecting a five-year low in its performance relative to Bitcoin, as the ETH/BTC ratio hit its lowest point in half a decade.

ADVERTISEMENT

Despite these setbacks, Ethereum’s layer-2 networks, such as Arbitrum and Optimism, have seen growing activity and an increase in value locked on-chain. These networks are playing a crucial role in scaling Ethereum and mitigating some of the challenges on the mainnet. Additionally, Ethereum’s transaction fees have decreased to their lowest levels since August 2024, indicating reduced congestion on the network.

ADVERTISEMENT

In contrast, Dogecoin gained institutional attention as 21Shares launched a fully backed Dogecoin exchange-traded product (ETP) on the SIX Swiss Exchange. This partnership with the Dogecoin Foundation marks a milestone for the meme-inspired cryptocurrency as it receives more institutional backing.

The market remains highly volatile as the effects of the tariff dispute continue to unfold. Investors are closely monitoring the performance of Bitcoin and Ethereum amidst these uncertain times, with both cryptocurrencies facing distinct but significant challenges in the wake of global economic shifts.

Related topics:

Ether Leads Crypto Sell-Off as Trump Escalates Tariff Tensions

Binance Launches LDUSDT: Reward-Bearing Margin Asset for Futures

Canary Capital Files for Spot SUI ETF as Crypto Market Eyes New Milestones

Tags: BitcoinETF
ADVERTISEMENT
Previous Post

Binance Launches LDUSDT: Reward-Bearing Margin Asset for Futures

Next Post

Gold Prices See Uptick in Malaysia Amid Fluctuating Market Trends

Related Posts

China Confident in Growth Despite U.S. Tariffs
Futures News

China Confident in Growth Despite U.S. Tariffs

28/04/2025
MAS Warns of Trade War Impact on Growth and Inflation
Futures News

MAS Warns of Trade War Impact on Growth and Inflation

28/04/2025
TikTok to Launch E-Commerce in Japan
Futures News

TikTok to Launch E-Commerce in Japan

27/04/2025
Nike Faces Lawsuit Over Sudden Shutdown of NFT Business
Futures News

Nike Faces Lawsuit Over Sudden Shutdown of NFT Business

27/04/2025
BP Faces Pressure from Hedge Fund and MPs Over Strategy Shift
Futures News

BP Faces Pressure from Hedge Fund and MPs Over Strategy Shift

26/04/2025
Trump Media Launches New ETFs and Crypto Investments
Futures News

Trump Media Launches New ETFs and Crypto Investments

26/04/2025
Trump’s Energy Council to Host LNG Summit in Alaska
Futures News

Trump’s Energy Council to Host LNG Summit in Alaska

25/04/2025
U.S. and South Korea Move Toward Trade Deal on Tariffs
Futures News

U.S. and South Korea Move Toward Trade Deal on Tariffs

25/04/2025
Bessent Criticizes IMF and World Bank, Pushes for US Leadership
Futures News

Bessent Criticizes IMF and World Bank, Pushes for US Leadership

24/04/2025
Next Post
Gold Prices See Uptick in Malaysia Amid Fluctuating Market Trends

Gold Prices See Uptick in Malaysia Amid Fluctuating Market Trends

Chinese Stocks Rise Amid Trade Tensions and Stimulus Hopes

Chinese Stocks Rise Amid Trade Tensions and Stimulus Hopes

China’s Exports Set to Rise Amid Trade War Tensions

China's Exports Set to Rise Amid Trade War Tensions

TAGS

ASX futures binance futures Bitcoin bond futures cattle futures CME coffee futures commodity futures copper futures Copper prices corn futures Corn prices crude oil futures crypto futures Dax Futures Dow futures ETF FTSE futures contracts gas futures gold futures Gold prices grain futures ICE Index Futures interest rate futures lumber futures micro futures Nasdaq futures Nifty Futures oil futures S&P 500 Futures S&P Futures silver futures Silver prices soybean futures Soybean price stock futures stock market sugar futures sugar price USDINR Futures wall street futures wheat futures wheat price

Recent Posts

China Confident in Growth Despite U.S. Tariffs
Futures News

China Confident in Growth Despite U.S. Tariffs

by Yuki
28/04/2025

Chinese policymakers sought to reassure both domestic and international markets on Monday, stating that the country’s economic recovery would not...

MAS Warns of Trade War Impact on Growth and Inflation

MAS Warns of Trade War Impact on Growth and Inflation

28/04/2025
Toyota Industries Shares Jump on Akio Toyoda’s Buyout Proposal

Toyota Industries Shares Jump on Akio Toyoda’s Buyout Proposal

28/04/2025
China’s Baosteel Flags Likely Output Cuts Amid Steel Industry Struggles

China’s Baosteel Flags Likely Output Cuts Amid Steel Industry Struggles

28/04/2025
European Stocks Rise as Earnings and Trade Talks Loom

European Stocks Rise as Earnings and Trade Talks Loom

28/04/2025
Gold Prices Drop in Saudi Arabia on April 28, 2025

Gold Prices Drop in Saudi Arabia on April 28, 2025

28/04/2025
NextEra Calls for All-Energy Approach to Meet Power Surge

NextEra Calls for All-Energy Approach to Meet Power Surge

27/04/2025
Euronext Wheat Futures Rise on Technical Buying and Export Hopes

Euronext Wheat Futures Rise on Technical Buying and Export Hopes

27/04/2025

Futures Quotes

European Stocks Rise as Earnings and Trade Talks Loom

European Stocks Rise as Earnings and Trade Talks Loom

28/04/2025
Gold Prices Drop in Saudi Arabia on April 28, 2025

Gold Prices Drop in Saudi Arabia on April 28, 2025

28/04/2025
Euronext Wheat Futures Rise on Technical Buying and Export Hopes

Euronext Wheat Futures Rise on Technical Buying and Export Hopes

27/04/2025
U.S.-China Trade Slump Threatens Economy

U.S.-China Trade Slump Threatens Economy

27/04/2025
Fartcoin Surpasses Bonk as Solana’s Second-Largest Meme Token

Fartcoin Surpasses Bonk as Solana’s Second-Largest Meme Token

26/04/2025
European Airlines Face Uncertainty Ahead of Summer Travel Season

European Airlines Face Uncertainty Ahead of Summer Travel Season

26/04/2025
Sorafutures.com

Welcome to sorafutures futures portal! Here, we illuminate pathways to tomorrow's opportunities, equipping you with insights and resources to thrive in an ever-evolving world. With a blend of vision and pragmatism, we empower individuals to navigate uncertainties and seize their future with confidence.

Recent Posts

  • China Confident in Growth Despite U.S. Tariffs 28/04/2025
  • MAS Warns of Trade War Impact on Growth and Inflation 28/04/2025
  • Toyota Industries Shares Jump on Akio Toyoda’s Buyout Proposal 28/04/2025
  • China’s Baosteel Flags Likely Output Cuts Amid Steel Industry Struggles 28/04/2025
  • European Stocks Rise as Earnings and Trade Talks Loom 28/04/2025

TAGS

ASX futures binance futures Bitcoin bond futures cattle futures CME cnbc stock futures coffee futures commodity futures copper futures Copper prices corn futures Comn prices crude oil futures crypto futures Cryptocurrency futures Dax Futures Dow futures ETF Exotic options

Useful Links

About us

disclaimer

Privacy Policy

Copyright © 2024 celebritycolumn.com

No Result
View All Result
  • Home
  • Futures News
  • Futures Quotes
  • Futures Types
  • Knowledge

Copyright © 2024 Welcome to sorafutures futures portal! Here, we illuminate pathways to tomorrow’s opportunities, equipping you with insights and resources to thrive in an ever-evolving world. With a blend of vision and pragmatism, we empower individuals to navigate uncertainties and seize their future with confidence.